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Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit

 

 

 

AUDJPY holds above 114 as the Australian dollar gains momentum. It reached an intraday  high of  114.18  and is presently trading close to 114.07

 

Technicals

CMP -114.07

Trend

4- Hour chart

Value

 

 

55 EMA

113.77

CMP<value

Bearish

200- EMA

113.31

CMP >value

Bullish

365- EMA

112.32

CMP>value

Bullish

 Major support- 113/112/111.80/110.

Major resistance-  114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

95.95

ADX

Neutral

 

 It is good to buy on dips around 113.28-30 with SL around 112.40 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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